How To Profit In Bitcoin Investments

Many people have been asking about how to invest in bitcoins and make nice
profits. Well just follow along with this Step-By-Step Guide.

I will give you advice on how to avoid many mistakes that many have been
committing and just how easy it is to make money online.
 How To Profit In Bitcoin Investments
Frequently Asked Questions
What is this? Essentially you are buying Bitcoin (BTC) and transferring it to another site
where it is sold automatically at a 15% premium. Basic arbitrage.
What is Bitcoin? Here is a very detailed, yet entertaining video explanation of what Bitcoin is
and how it works.
Why would someone pay a 15% premium plus fees for Bitcoin? Xcoins is the only site
selling Bitcoin to PayPal customers.
It this trading? It is not. You are simply making transfers between financial institutions. If you
have made a transfer before, you can take advantage of this method.
Does this involve mining? Not at all.
Do I have to sell the BTC peer to peer? No, the selling is done automatically through
Xcoins.
Will you manage my money? Absolutely not! You manage your own money through this
process.
How much should I start with? You can start with $20 or more.
Is my money secure? It is as secure as making any online purchase. The merchants in this
loop have taken all necessary precautions to protect your funds.
How fast can I get started? It takes 2-3 business days to link all points of the loop and verify
your identity to comply with the Anti-Money Laundering (AML) and Know Your Customer
(KYC) laws outlined by the US Government in the PATRIOT Act, Section 326, and enforced
by FinCEN.
How quickly can I make a loop? Depending on your funding methods and how quickly the
BTC is sold, you can make a loop each business day. Larger amounts are prioritized with
Xcoins. During periods of high lending volumes on Xcoins you could see your fund sit for a
day or two in a worst case scenario.
Can I pull my money out? You can pull your money out at any point during the process and
have it sent back to your bank account. Withdrawals from Paypal and Coinbase can take 1-5
business days to receive the funds. Withdrawals from Xcoins to Coinbase are instant.
Do I have to pay taxes? Unfortunately, if you live in the USA, the land of the slaves, you
must pay your government masters every time you make money so they can keep you under
control along with the rest of the world.
What do you get out of this? I enjoy improving the quality of life of people I come into
contact with and helping them achieve their goals and financial freedom. Xcoins also offers an
affiliate program. For this reason I have included my affiliate link in the instructions
 How To Profit In Bitcoin Investments
STEP 1
Establish Bank Account For Your Investments
(Optional) Create a seperate bank account to use for your investments.
Look for a free online checking account so you don't have to visit a branch.
Having the funds separately helps you keep from spending it on things not related to
the investment.

US Bank Limits
The Numbers
Banks must notify the government any time they receive more than $10,000 in a single
deposit. They must also report withdrawals of that size, or anyone using that much cash to
buy a negotiable instrument such as a cashier's check or a bank draft. This rule applies to
American dollars and to foreign currency worth more than $10,000. It also kicks in if the bank
receives multiple payments from the same agent or individual over the course of a year
adding up to more than $10,000. Banks don't have to report personal checks, regardless of
the amount.

Suspicious Activity Reporting

The federal government requires banks to report smaller transactions that may be a sign of
suspicious activity. Federal guidelines say suspicious activity could include a deposit or
withdrawal of $5,000 or more by a customer who doesn't normally make transactions that big.
Banks may also report transaction that fall just under the BSA's $10,000 limit or that have no
"apparent lawful purpose," just to be on the safe side of the law. Critics of the law say the
standards for suspicious activity are far too vague to be effective.

Reporting
Banks and businesses must file a form 8300 within 15 days after receiving the $10,000-plus
payment. If the customer makes multiple smaller payments, the 15 days countdown starts as
soon as the total paid exceeds $10,000. The bank or its parent must notify the person who
made the transaction that he's been identified in the report, provide a contact number for
follow-up questions and state the total amount of cash involved. Notification doesn't have to
go out until Jan. 31 of the year after the company filed the 8300.
STEP 2
Create Coinbase Account

Create a Coinbase account.

A business account is not necessary, an individual account will do.
Get $10 USD Bonus if you Buy over $100 USD of Bitcoin
Here is a How-To-Video showing Steps 2-4

STEP 3

Create BTC Wallet

Create a BTC wallet on Coinbase.

This is usually done automatically however, check to be sure you see a BTC wallet.

STEP 4
Link Bank to Coinbase

Link your credit/debit card and/or bank account to Coinbase.

I suggest using the credit/debit card method as purchases are available instantly
rather than the 5 business (7 calendar) days it takes for the bank transfers to arrive.
A lot can happen with the price of Bitcoin in 7 days (good or bad)!

STEP 5
Verify ID with Coinbase
Verify your identity with Coinbase to raise your buying limits.

Numerous users have reported problems with the ID verification while using Safari
browser or mobile browsers. Either use another desktop/laptop browser or use the
mobile application if one or the other is giving you trouble.
To see what you need to do to get your 7 day limit raised, check for the milestones
that Coinbase wants to see from you.
 You can raise the limit of the credit/debit card payment method to $6,000 a week in
134 days.
$6,000 a week minus $225 in Coinbase fees will net you roughly $866.25 in profit
after passing through Xcoins.
You can use bank transfers and alternative funding methods to grow that to an even
higher number if you wish.
You can divide the $6,000 weekly limit and purchase $857.14 daily at Coinbase
when the credit/debit card method.
$857.14 a day translates to 1-2 loans a day and doesn't flood your PayPal account
with spikes of deposits.
PayPal tends to freeze accounts with spikes of activity so I suggest the small daily
amounts. Going from inactive to receiving large amounts of deposits triggers their
system.

STEP 6
Create PayPal Account
Create a PayPal account.

NOTE: new PayPal accounts are very restrictive for the first 21 days!
Use an existing account if you have one!
PayPal Limits (Per Their Website)

No withdrawal limits with a verified account.

6.1 Funds may only be withdrawn in US Dollars.

6.2 Depending on the degree to which you have Verified your Account, we may limit the
amount you may withdraw to $500.00 USD per month. You can view your withdrawal limit, if
any, by logging into your Account. In addition, we may delay withdrawals of large sums of
money while we perform a risk review.

STEP 7
Convert PayPal to Business Account
Convert your PayPal account to a Standard Business account.
Select "Payments Standard"Create a business name and add your business
information.
When selecting the business type you can select any you wish, but to be specific, you
can select (Financial Services > Investments General).
Enter your personal information.
Select "Online Invoicing"
NOTE: I have found that if you send someone an actual invoice via PayPal's invoicing
system and receive payment for it they green flag your account and it seemingly allows
you to fly under the radar undetected from that point on.

If someone you trust is also using this method, you can invoice each other for the
same amount and exchange funds possibly covering you and your friend and
legitimizing you both as a business in the eyes of PayPal. (Example, you send me an
invoice for $100 and I pay it, then I invoice you for $100 and you pay it back.)

STEP 8
Link Bank to PayPal
Link your bank account to PayPal.

This is how you will withdraw the deposits you receive.

STEP 9
Verify ID with PayPal

Verify your identity with PayPal to remove withdrawal limits.

Without doing this your account will be severely restricted.

STEP 10

Edit Business Info

Edit your business information on PayPal. See suggested setting below.

Sales venue: Digital delivery of digital goods brokered by a third party.

Average transaction price: $1,000.00 USD - $2,000.00 USD.
Average monthly volume: $50,000.00 USD - $100,000.00 USD.
Percentage of annual revenue from online sales: 75% - 100%.
STEP 11
Block eChecks
Block payments from eChecks on PayPal.
I have found that most eChecks get canceled. The option is halfway down the page.
There are other settings on this page that are worth taking a look at if you wish to limit
the users you accept payments from.
You may see your funds sit longer than desired in Xcoins if you place a lot of
limitations on the users you will do business with.

STEP 12

Create Xcoins Account

Create a Xcoins account.

IMPORTANT There are many people who have made the mistake of registering as a
borrower and not a lender so you must register as an INVESTOR using this link
Enter signup promo code: ut9zj8

STEP 13

Link Xcoins to PayPal

Link your Xcoins account to PayPal.

You can also connect your ACH account here as well.

STEP 14
Set Lending Offers

Set your lending offers on Xcoins.

 Offers are what is presented to the people looking to buy BTC.
Once your balance on Xcoins falls below $10, lending stops.
Set your rating to 5 to minimize potential losses.
Tier 1 are new borrowers. Tier 5 refers to borrowers with the highest amount of
verification and borrowing history i.e. the most trusted borrowers.
You can leave the other fields at their default settings of Max - $1,000 / Interest 15%

STEP 15

Set Lending Limit

Set a lending limit on Xcoins.

"Enter the total amount of bitcoin you wish to lend."

You can use the lending limit to lend only a certain amount of your BTC holdings.
I set this much higher than my holdings in case the value of BTC goes up.
Xcoins will ask you to deposit that amount, simply click any link on the top of the page
to avoid making that deposit and skip that step.
NOTE: If you are a new user with PayPal or do not have much history with them,
especially deposits, check the box labeled "Increase the lending volume
gradually" as this will limit the lending volume and gradually increase it each
week so as not to run into any issues with PayPal.
If you wish to lend out your balance as fast as possible and are in good standing with
PayPal, uncheck "Increase the lending volume gradually" to remove all lending limits.
STEP 16

Purchase Bitcoin

Purchase some BTC with Coinbase.

Bank transfers takes 3-5 business days (7 calendar days) for the USD to be converted
into BTC using a bank transfer.
The price of BTC can vary wildly in 7 calendars days, up or down.
Credit/debit card purchases of BTC are instant.
You can start with as little as $20 USD but $100+ USD is ideal

To avoid Coinbase fees when buying Bitcoin, you can use the Coinbase-owned exchange
GDAX.

To do this, you'll need to transfer USD from your bank account ahead of time to the
USD wallet. That transfer takes about 1 week to process. You can transfer to Coinbase
or directly into GDAX.
If you transfer to Coinbase, then once the transfer is done, go to GDAX.com and
instantly transfer your USD from your Coinbase account to your GDAX account
(because Coinbase owns both sites, it's an instant transfer).
Once the USD is in your GDAX account, you can go ahead and place a market order
for BTC. This will purchase a set amount of crypto at the current asking price. The fee
is a fraction of what you'd pay on Coinbase for basically the same thing.
Once your buy order goes through, you can transfer your BTC over to Xcoins (see how
in the next step).

STEP 17
Transfer BTC to Xcoins
Transfer your BTC from Coinbase to Xcoins.

You will need to copy the Xcoins deposit address and then paste it into Coinbase
address field after selecting "Send".
All BTC transactions are nearly instant but take a few minutes to be verified by the
miners so you will see the deposit registered in Xcoins but it may take a few minutes
before it is credited to your balance.
IMPORTANT: Make sure to carefully copy and paste the wallet addresses when
making BTC transfers or use the QR Code! If you are one character off, you
could lose your entire transfer! There is no undo feature with Bitcoin!
STEP 18
Withdraw USD from PayPal
Withdraw the USD payments arriving in PayPal to your bank.

As the BTC you have transferred to Xcoins is borrowed, USD payments will
arrive in your PayPal account.
This includes the profits of 15% plus the PayPal fees.
The withdrawal process takes another 1 business day.
Verify all deposits via the Xcoins emails before withdrawing!

STEP 19
Repeat Process
Repeat steps 16, 17, and 18.

The round trip takes 1-2 business days if using a bank/credit card to purchase BTC or
4-6 business days (7 calendar days) if using a bank account transfer.
Here is a video on the Investment Loop.

Consider reinvesting the profits and principal to compound your investment to the point where
you max out the daily/weekly limits of one or more of the required services.

BTC Price Fluctuation

Bitcoin is constantly going up and down in value.

If BTC takes a large dip below or is on a massive rise above the price you purchased at, you
can pause the lending on the lending offers page and flip the offer's status to paused. See
image below.

The majority of the loans are made within 2 hours of the deposit. It is unlikely you will lose or
gain much value during that time. Still, it is wise to keep an eye on the value of BTC during
that time.
There are many methods of tracking BTC's value. You can track it on the NYSE at
INDEXNYSEGIS:NYXBT, you can use a nice widget on Android from Drakdoo that will allow
you to set price alerts, you can also check on many websites such as Bitcoin.com and you
can even Google it.
Alternative Payment Processors
If you plan on doing high volumes you may want to set up ACH (Automated Clearing House)
payments as an alternative to relieve some stress on your PayPal account.

Xcoins will forward the USD directly to your bank account once the buyer pays for the BTC.
Just add your bank info and you are ready to go!
5% net profit.
No fees.
No miner fee.
No bank fee (typically at least).
No chargeback risk.
Funds will typically be available the following business day.

Alternative Funding Methods

Purchase BTC with USD

BitFinex
BitQuick
Via bank deposit
BitStamp
BitTrex
C-CEX
3.5% + $ 0.25 for credit/debit cards!
CoinMama
~6.15% for credit/debit cards.
GDAX (Coinbase)
Buying on the exchange allows you to avoid paying Coinbase's fees using the
accounts you have linked to Coinbase.
Gemini
Purchase via wire transfer. Charges no fees for deposits and withdrawals and
has no limits.
Kraken
Purchase via wire transfer for a $10.00 fee per wire. Their limits for a verified
account are $25K daily and $200K monthly.
LibertyX
1.5% + seller's fee. Cash only.
Poloniex
Purchase BTC with CAD

QuadrigaCX
Canadian Bitcoins
Fees on front page.
EZBTC
Only using their physical BTMs.

If you are outside the USA or Canada, select your country to see your options here
buybitcoinworldwide.com.

Another method of converting USD to BTC is getting your payroll checks directly deposited to
Bitwage where they convert it to BTC and can automatically forward your BTC to Xcoins.

In the continental United States, PayPal offers a credit card that is linked to your balance.
Using that card, you can bypassed the bank in the loop, moving your funds directly from
PayPal to Coinbase!

Xcoins also offers an affiliate program where you can get a commission on every loan made
by your affiliates. It does not affect their profits in any way as it comes from the fee that Xcoins
charges the borrower.

Chargebacks
In the case you get a chargeback, immediately email the person that initiated the
chargeback via the email provided in the PayPal notification.

Everyone's approach will differ but I suggest politely asking for them to reverse the
chargeback and attach the Delivery Confirmation document that has all their personal info.
This has worked for me on a few occasions. Usually, the shock that you have all their
personal details, photo, ID, and home address are enough to get the job done.

You can find the disputed transaction by entering the email they used in the PayPal
chargeback or their first and last name by using the search field at the top of the Xcoins
activity page. Here you can download the Delivery Confirmation with all their personal
information at the bottom of the page. Attach that to your email.

Here is a template you can use for your email response.

Hello XXXXX,

I recently received an email from PayPal stating that you had reversed a payment to me due
to an unauthorized purchase. PayPal has taken money from my account due to your claim.

If your claims are true, I will be forwarding the attached information to local and federal law
enforcement to assist in the apprehension of the criminal that is using this email address to
committed identity theft and has used a computer to commit fraud across state lines.

If this was a mistake on your part, I ask you to cancel the reversal with PayPal immediately so
we can avoid involving law enforcement. I have attached the delivery confirmation for your
reference.

I will give you 24 hours to reply or to cancel the chargeback after which point I will proceed
under the assumption that you have intentionally committed this fraud.

Thanks,

XXXXX

Also, immediately mail a certified letter to them with the delivery confirmation info from
Xcoins enclosed so you have a tracking number to submit to PayPal's automated
system. That method seems to win the automated disputes most of the time.

If you do not hear back from the person who initiated the chargeback within the 24 hours, go
ahead and submit the tracking number into the PayPal dispute. Do not go into detail with
PayPal about the transaction, simply state your reason for the dispute is "Item shipped". The
24 hours also gives the tracking number time to register on the USPS site.

If you want to save yourself a trip to the Post Office or live outside the US, you can use Click
2 Mail to print and mail the delivery confirmation and provide you with a tracking number.

Do your best to avoid contact with any PayPal employees as that's the best way to get your
account frozen.

Xcoins offers a 50% profitability guarantee! If your account drops below that 50% mark,
contact Xcoins support and they will reimburse your losses!